Collectors Hire Private Investigators to Assist in Asset Recovery

When someone owes you money, no one ever said they had to make it easy to collect. Debtors have been developing new ways to dodge their debts for as long as anyone can remember. In turn, collectors across all industries have had to develop methods of collection to prevent people from hiding an asset. One of a collector’s greatest assets in this modern age is an independent private investigator. While collectors deal with the paperwork, private investigators do the legwork, using proven methodology to unearth the hidden assets of debtors in arears.

Private investigators work with some of the same tools and
the same methodology as law enforcement when looking for debtor assets. As part
of their licensure, private investigators have access to verified databases
that allow them to develop comprehensive, cross-referenced background profiles
on a Subject in any investigation. Private investigators have diverse
experience in analyzing a person’s criminal, financial, address, and litigation
history in order to build a contextualized picture of a debtor’s circumstances.
Private investigators can unearth unseen assets like property, financial
accounts, vehicles, and other valuable assets that have been previously
concealed. Human sources are less common in asset searches, but private
investigators also have the training to build rapport and garner testimony from
relevant human sources in the case. Private
investigators are also highly skilled in obtaining and reviewing litigation
records to document a debtor’s history of litigation in a court of law. Pervasive
lawsuits, especially involving large judgements, can be a red flag in an asset
search investigation.

Social media has become a more valuable resource than ever
in many types of investigations. The amount of information people unwittingly
give away on social media is staggering. Private investigators can get
information about the sale of personal belongings, photos of assets like
property and vehicles, and can document the type of lifestyle a debtor is
currently enjoying—like lavish vacations or expensive home renovations. Private
investigators carefully document their findings to compile into a thorough
report for the client as another building block in their case against the
debtor in arears.

If you’re a collecting party trying to reap your due, don’t
hesitate to reach out to private investigator for a quote on their asset search
services. Through open-source intelligence and transparent investigation
methods, private investigators can get to the bottom of a debtors hidden
assets.